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February 2009 Monthly Analysis
> Home Sales
BAY AREA HOME SALES
According to MDA DataQuick, the median price paid for all new and resale houses and condos combined in the nine-county Bay Area fell to $300,000 in January 2009. A 9.1 percent decrease from $330,000 in December 2008, and down a record 45.5 percent from $550,000 in January 2008.
In the East Bay, Alameda County’s median value was $300,000, a 38.5 percent decline from January 2008. The Contra Costa County median home sale value in January 2009 was $220,000, a 52.5 percent decline over January 2008 – due in part to foreclosure-related sales. In January, Contra Costa County continued to post the highest sales volume and the steepest annual decline in median sale prices.
|
All Homes by County
|
Number Sold Jan
2009
|
Sales Annual Pct. Change
|
Median Jan. 2009
|
Median Annual Pct. Change
|
|
|
|
|
|
|
Alameda
|
994
|
27.40%
|
$300,000
|
-38.50%
|
|
|
Contra Costa
|
1,333
|
99.90%
|
$220,000
|
-52.50%
|
|
|
Marin
|
122
|
0.00%
|
$525,000
|
-37.90%
|
|
|
Napa
|
78
|
77.30%
|
$370,000
|
-30.50%
|
|
|
San Francisco
|
229
|
-21.80%
|
$562,000
|
-24.50%
|
|
|
San Mateo
|
273
|
-7.50%
|
$489,500
|
-27.50%
|
|
|
Santa Clara
|
1,037
|
19.30%
|
$400,000
|
-37.40%
|
|
|
Solano
|
560
|
126.70%
|
$192,500
|
-44.60%
|
|
|
Sonoma
|
424
|
57.60%
|
$299,750
|
-29.50%
|
|
|
Bay Area
|
5,050
|
40.80%
|
$300,000
|
-45.50%
|
|
|
Source: MDA DataQuick
|
|
A total of 5,050 new and resale houses and condos closed escrow in the region in January 2009 – a 40.80 percent increase from only 3,586 sales in January 2008, the period when the current economic downturn was beginning to affect home sales. In the East Bay, Alameda and Contra Costa Counties both posted double-digit sales volume increases between January 2008 and January 2009 – with sales in Contra Costa County almost doubling over the previous period.
|
City
|
# Sold November 2008
|
Median Jan 2009
July 2008
|
Median Jan 2008
|
Y-o-Y
% Change
|
|
Alameda County
|
989
|
$300,000
|
$495,000
|
-39.39%
|
|
ALAMEDA
|
28
|
$544,000
|
$570,000
|
-4.56%
|
|
ALBANY
|
9
|
$675,000
|
$537,000
|
25.70%
|
|
BERKELEY
|
20
|
$635,000
|
$538,000
|
18.03%
|
|
CASTRO VALLEY
|
24
|
$405,500
|
$555,000
|
-26.94%
|
|
DUBLIN
|
31
|
$447,000
|
$491,500
|
-9.05%
|
|
EMERYVILLE
|
25
|
$250,000
|
$350,000
|
-28.57%
|
|
FREMONT
|
99
|
$415,000
|
$603,750
|
-31.26%
|
|
HAYWARD
|
174
|
$253,500
|
$432,000
|
-41.32%
|
|
LIVERMORE
|
78
|
$343,000
|
$480,000
|
-28.54%
|
|
NEWARK
|
31
|
$330,000
|
$386,000
|
-14.51%
|
|
OAKLAND
|
277
|
$165,000
|
$409,500
|
-59.71%
|
|
PLEASANTON
|
30
|
$655,000
|
$715,000
|
-8.39%
|
|
SAN LEANDRO
|
69
|
$319,000
|
$421,000
|
-24.23%
|
|
SAN LORENZO
|
30
|
$300,000
|
$402,000
|
-25.37%
|
|
UNION CITY
|
64
|
$352,500
|
$437,500
|
-19.43%
|
|
Contra Costa County
|
1,288
|
$220,000
|
$468,500
|
-53.04%
|
|
ALAMO
|
10
|
$1,357,500
|
$1,187,500
|
14.32%
|
|
ANTIOCH
|
229
|
$188,500
|
$352,000
|
-46.45%
|
|
BETHEL ISLAND
|
2
|
$172,000
|
$425,000
|
-59.53%
|
|
BRENTWOOD2
|
80
|
$317,000
|
$457,500
|
-30.71%
|
|
CLAYTON
|
4
|
$543,000
|
$575,000
|
-5.57%
|
|
CONCORD
|
150
|
$219,500
|
$390,000
|
-43.72%
|
|
CROCKETT
|
2
|
$160,000
|
$290,000
|
-44.83%
|
|
DANVILLE
|
26
|
$762,500
|
$1,036,500
|
-26.44%
|
|
DISCOVERY BAY
|
25
|
$285,000
|
$450,000
|
-36.67%
|
|
EL CERRITO
|
7
|
$475,000
|
$639,000
|
-25.67%
|
|
EL SOBRANTE
|
20
|
$271,500
|
$439,000
|
-38.15%
|
|
HERCULES
|
28
|
$358,000
|
$459,000
|
-22.00%
|
|
LAFAYETTE
|
4
|
$1,012,500
|
$1,130,000
|
-10.40%
|
|
MARTINEZ
|
34
|
$362,500
|
$425,000
|
-14.71%
|
|
MORAGA
|
4
|
$558,500
|
$730,000
|
-23.49%
|
|
OAKLEY
|
88
|
$216,000
|
$420,000
|
-48.57%
|
|
ORINDA
|
7
|
$790,000
|
$970,000
|
-18.56%
|
|
PINOLE
|
10
|
$315,000
|
$377,500
|
-16.56%
|
|
PITTSBURG
|
185
|
$150,000
|
$325,500
|
-53.92%
|
|
PLEASANT HILL
|
20
|
$417,500
|
$510,000
|
-18.14%
|
|
RICHMOND
|
141
|
$113,000
|
$342,750
|
-67.03%
|
|
RODEO
|
12
|
$292,500
|
$425,000
|
-31.18%
|
|
SAN PABLO
|
99
|
$157,000
|
$345,000
|
-54.49%
|
|
SAN RAMON
|
45
|
$582,000
|
$795,000
|
-26.79%
|
|
WALNUT CREEK
|
51
|
$465,000
|
$590,000
|
-21.19%
|
|
Source: DataQuick / SF Chronicle
|
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